Pengaruh Pengumuman Dividen Terhadap Perubahan Harga Saham Sebelum dan Sesudah Ex-Dividend Date Di LQ45 Yang Tercatat Di Bursa Efek Indonesia Periode 2020-2023

Abstract

Dividend payments affect stock index movements, and conversely,        how                     fluctuations             in    stock   indexes   can influence investment decisions in the capital market. The LQ45 Index is a stock price index consisting of 45 selected companies traded on the Indonesia Stock Exchange (IDX). Dividend announcements influence stock price changes in the LQ45 index from 2020 to 2023. The objectives of this research are: 1) To determine whether there is an impact of dividend announcement on stock price changes before the Ex-Dividend Date for companies listed on the LQ45 Index during the period 2020-2023, 2) To determine whether there is an impact of dividend announcement on stock price changes after the Ex-Dividend Date for companies listed on the LQ45 Index during the period 2020-2023.

This research uses dividend announcement report in the Lq45 index. The data collection technique used is library research. The analytical tool employed in this study is simple linear regression.

The research results indicate that 1) dividend announcement have a positive and significant impact on stock price changes before the Ex-Dividend Date for companies listed on the LQ45 Index during the period 2020-2023, 2) dividend announcement have a positive and significant impact on stock price changes after the Ex-Dividend Date for companies listed on the LQ45 Index during the period 2020-2023. It can be concluded that Pengumuman Dividen have a positive and significant impact on stock price changes both before and after the ex-dividend date for companies listed in the LQ45 index

during the 2020-2023 period